Tennant (NYSE:TNC) Issues FY 2026 Earnings Guidance

Tennant (NYSE:TNC) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 4.700-5.300 for the period, compared to the consensus EPS estimate of 4.960. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Tennant Trading Up 5.3%

NYSE:TNC traded up $4.31 during midday trading on Tuesday, hitting $86.26. The stock had a trading volume of 20,570 shares, compared to its average volume of 249,584. Tennant has a one year low of $60.17 and a one year high of $85.90. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.45 and a beta of 1.12. The stock has a 50-day moving average of $70.64 and a 200 day moving average of $74.69. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.45.

Tennant (NYSE:TNC) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.18. Tennant had a return on equity of 16.05% and a net margin of 3.64%.The company had revenue of $297.90 million for the quarter, compared to analysts’ expectations of $289.25 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Tennant’s revenue was up 2.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 4.700-5.300 EPS. As a group, sell-side analysts forecast that Tennant will post 4.84 EPS for the current year.

Tennant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.4%. Tennant’s dividend payout ratio is 52.99%.

Tennant declared that its Board of Directors has initiated a stock repurchase program on Monday, May 4th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the industrial products company to buy up to 11.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently issued reports on TNC shares. Freedom Capital cut Tennant from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Roth Mkm reissued a “buy” rating and issued a $91.00 price objective (down from $107.00) on shares of Tennant in a research note on Wednesday, February 25th. Weiss Ratings upgraded Tennant from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Zacks Research raised Tennant from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded Tennant from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tennant has an average rating of “Hold” and a consensus target price of $91.00.

Insiders Place Their Bets

In other Tennant news, Director Carol S. Eicher sold 3,130 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $61.98, for a total value of $193,997.40. Following the completion of the sale, the director directly owned 28,836 shares in the company, valued at $1,787,255.28. This trade represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James T. Jr. Glerum purchased 8,163 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $61.25 per share, for a total transaction of $499,983.75. Following the completion of the acquisition, the director directly owned 8,600 shares of the company’s stock, valued at approximately $526,750. The trade was a 1,867.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 20,163 shares of company stock worth $1,261,674. Insiders own 3.50% of the company’s stock.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Q1 results beat consensus — Tennant reported Q1 EPS of $0.58 (above estimates of roughly $0.40–$0.24) and revenue of $297.9M (+2.7% YoY), signaling resilient demand and margin recovery. Press Release
• Positive Sentiment: Board authorizes expanded buyback — The Board approved repurchasing up to 2.0M additional shares, bringing total repurchase capacity to ~2.56M shares (~15% of basic shares outstanding), which should support EPS and signal confidence from management. Board Authorizes Repurchase
• Neutral Sentiment: FY2026 guidance roughly in line but slightly cautious — Tennant updated FY26 EPS guidance to $4.70–$5.30 (consensus ~4.96) and revenue guidance to $1.2B–$1.3B (vs. consensus near $1.3B). The midpoint is close to expectations but leaves some execution risk to hit consensus exactly. Guidance Details
• Negative Sentiment: ERP system issues and law-firm probe raise risk — Reports that Tennant experienced ERP/system issues triggered a significant drop in the stock and prompted a securities-law firm to announce an investigation; this introduces execution, disclosure and potential legal risks until clarified. ERP Issues & Investigation

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TNC. Invesco Ltd. raised its stake in Tennant by 3.6% in the fourth quarter. Invesco Ltd. now owns 102,926 shares of the industrial products company’s stock valued at $7,586,000 after buying an additional 3,581 shares during the last quarter. Vision One Management Partners LP grew its stake in shares of Tennant by 18.1% during the fourth quarter. Vision One Management Partners LP now owns 344,585 shares of the industrial products company’s stock worth $25,396,000 after acquiring an additional 52,721 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Tennant by 3.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 6,559 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 247 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Tennant by 69.5% during the fourth quarter. XTX Topco Ltd now owns 24,584 shares of the industrial products company’s stock valued at $1,812,000 after acquiring an additional 10,082 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of Tennant by 27.3% during the fourth quarter. Quadrature Capital Ltd now owns 5,687 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 1,220 shares in the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.

About Tennant

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.